After heavy selloffs in the previous session, Indian shares are likely to get respite on Tuesday, with the SGX Nifty futures trading 0.6 percent higher. However, losses in global markets may weigh on market sentiment. Among the stocks in news today, HUL plans to set up a new subsidiary, which would be primarily engaged in manufacturing activities. Tech Mahindra has agreed to buy US-based Zen3 Infosolutions for Rs 460 crore.
Here are the top stocks to watch out for today:
The government asks telecom companies to submit supporting documents on AGR self-assessment, reports PTI.
Tech Mahindra signs an agreement to acquire 100 percent stake in US-based Zen3 Infosolutions for $64 million (Rs 460 crore) in an all-cash deal.
FMCG major HUL announces its plans to set up a new subsidiary, which would be primarily engaged in manufacturing activities.
The CCI approves the acquisition of government's entire stake in THDC India and North Eastern Electric Power Corporation (NEEPCO) by state-owned NTPC.
JSW Steel has been declared as a preferred bidder for Jajang iron ore block in Odisha, with estimated reserves of 39 million tonne.
Chennai-based TVS Motor says the coronavirus outbreak has impacted the supply of certain components thereby affecting about 10 percent of its planned production for February.
Auto components maker Lumax Auto Technologies buys OK Play Group's roto molded plastic business at an estimated enterprise value of around Rs 150 crore.
GTPL Hathway acquires a remaining 4.82 percent shares of GTPL Vidarbha Tele Link.
Aditya Puri, managing director of HDFC Bank, sells 12.52 lakh shares of the bank during February 11-12.
RBL Bank: RBI approves re-appointment of Rajeev Ahuja as executive director of the bank for 3 years.